Category Archives: Insider Trading
SEC Charges Investment Banker in Insider Trading Scheme
(HedgeCo.Net) The Securities and Exchange Commission has charged an employee of a prominent investment bank with repeatedly using his access to highly confidential information in order to place illicit and profitable trades in advance of deals on which the bank […]
Long Island Investment Professional Charged in $8 Million Scam Targeting Long-Standing Brokerage Customers
(HedgeCo.Net) The Securities and Exchange Commission has charged a former registered representative with defrauding long-standing brokerage customers in an $8 million investment scam. According to the SEC’s complaint, Steven Pagartanis, who was affiliated with a registered broker-dealer, told some investors […]
SEC Obtains Emergency Order Halting Fraudulent Coin Offering Scheme
(HedgeCo.Net) The Securities and Exchange Commission today announced it has obtained a court order halting an ongoing fraud involving an initial coin offering (ICO) that raised as much as $21 million from investors in and outside the U.S. The court […]
SEC Charges Owner of Alternative Investment Firm in Belize Airport Financing Scam
(HedgeCo.Net)The Securities and Exchange Commission has charged the owner of a Manhattan-based alternative investment firm with misappropriating close to $6 million in investor funds earmarked to finance the construction of an international airport in Belize. The SEC’s complaint alleges that […]
Fraud Charges Filed Against Texas-Based Municipal Advisor, Owner for Lying to School District
(HedgeCo.Net) The Securities and Exchange Commission has charged a registered municipal advisor and its owner with defrauding a south Texas school district in connection with multiple municipal bond offerings. The SEC’s order instituting proceedings found that in connection with three […]
Hedge Fund Adviser Charged With Deceiving Investors by Inflating Fund Performance
(HedgeCo.Net) The Securities and Exchange Commission today announced that it has charged New York-based investment adviser Premium Point Investments LP with inflating the value of private funds it advised by hundreds of millions of dollars. The SEC also charged Premium […]
Hedge Fund Firm Charged for Asset Mismarking and Insider Trading
(Hedgeco.Net)The Securities and Exchange Commission today announced the hedge fund advisory firm Visium Asset Management LP has agreed to settle charges related to asset mismarking and insider trading by its privately managed hedge funds and portfolio managers. Separately, the firm’s […]
New Investor Protection Search Tool is Launched
(HedgeCo.Net) The Securities and Exchange Commission has announced the launch of an additional online search feature that enables investors to research whether the person trying to sell them investments has a judgment or order entered against them in an enforcement […]
SEC Launches Additional Investor Protection Search Tool
(HedgeCo.Net) The Securities and Exchange Commission has announced the launch of an additional online search feature that enables investors to research whether the person trying to sell them investments has a judgment or order entered against them in an enforcement […]
SEC Shuts Down $85 Million Ponzi Scheme and Obtains Asset Freeze
(HedgeCo.Net) The Securities and Exchange Commission today announced the unsealing of fraud charges against a Mississippi company and its principal who allegedly bilked at least 150 investors in an $85 million Ponzi scheme. The defendants agreed to permanent injunctions, an […]
Panasonic Charged With FCPA and Accounting Fraud Violations
(HedgeCo.Net) The Securities and Exchange Commission has announced that Japan-based Panasonic Corp. will pay more than $143 million to resolve charges of Foreign Corrupt Practices Act (FCPA) and accounting fraud violations involving its global avionics business. According to the SEC’s […]
Altaba Charged With Failing to Disclose Massive Cybersecurity Breach; Agrees To Pay $35 Million
(HedgeCo.Net) The Securities and Exchange Commission has announced that the entity formerly known as Yahoo! Inc. has agreed to pay a $35 million penalty to settle charges that it misled investors by failing to disclose one of the world’s largest […]